Gm 3q Profit Nearly Doubles, Led By N. America

DETROIT (AP) — Big profits from rising SUV and truck sales in North America helped General Motors nearly double its third-quarter net profit and more than offset its struggles in Europe and South America. Without $331 million in one-time items, GM would have made 97 cents per share, exceeding Wall Street's expectations. In North America, revamped pickup trucks and SUVs helped to push GM's pretax profit up 12.1 percent to just over $2.4 billion. GM's North American wholesale vehicle sales rose about 60,000 over last year, and half the increase came from pickup trucks and SUVs with high sales prices, said Chief Financial Officer Chuck Stevens.

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